Century Aluminum

CENX opened higher and surged during the regular session, gaining 5.02% to $45.193 as of ET 09:33, hitting an intraday high of $45.193 after recovering from a pre-market low of $42.150. The rally was driven by the announcement of a partnership with Brimstone to establish a 'mine to metal' aluminum supply chain in the U.S., combined with aluminum prices reaching a four-year high amid Chinese production curbs and Middle East supply disruptions. Q1 net profit soared 1096.81% YoY to $337.5 million, with EPS climbing to $3.23 and net profit margin jumping to 51.99%, though the stock had previously dropped 9.2% on insider selling and valuation concerns. The stock remains 35.83% below its 52-week high of $70.43, with a YTD gain of 10.39%, yet MA20 and MA60 are at $53.02 and $59.36, respectively, indicating the stock has yet to reclaim key moving averages. However, litigation from Oklahoma's attorney general seeking to block the company's largest aluminum smelter project poses a long-term headwind.